The Latest Breaking News from Scale AI

Scale AI, a San Francisco startup, recently celebrated a $14.3 billion investment from Meta Platforms, Inc. (NASDAQ:META). Shortly afterward, it laid off 14% of its total staff.

Reports of $200 million and $300 million compensation packages are rattling the Valley.

Meta Platforms Inc (NASDAQ:META) shares soared to a new all-time high Monday morning, driven by investor enthusiasm following CEO Mark Zuckerberg’s ambitious plans to restructure the company’s artificial intelligence division. The move signals a deep commitment to developing “superintelligence,” advanced AI systems capable of outperforming humans.

Mark Zuckerberg and Meta are spending billions of dollars for top talent to make up ground in the generative artificial intelligence race, sparking doubt about the wisdom of the spree.

Wall Street is taking notice of Meta's latest moves. June upgrades suggest shares could reach new all-time highs and may even surpass $800 for the first time.

At just 30 years old, Lucy Guo has surpassed Taylor Swift to become the world's youngest self-made female billionaire. Her net worth, estimated at around $1.3 billion, is largely due to her early stake in Scale AI.

The massive $14.3 billion deal between Meta and Scale AI has sparked optimism for Reddit’s future.

Meta Platforms Inc. (NASDAQ:META) held acquisition discussions with artificial intelligence video startup Runway before completing its $14.3 billion investment in Scale AI.

Taylor Swift is the undisputed Queen of Pop, but she was recently bumped out of the top spot on a different list. Scale AI co-founder Lucy Guo has just replaced Swift as the world's youngest self-made female billionaire. According to Forbes, Guo is worth an astonishing $1.3 billion. Guo founded…